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City Council Study Session Agenda and Packet 2017 05 09
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City Council Study Session Agenda and Packet 2017 05 09
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SSAGPKT 2017 05 09
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Statewide Death & Disability Plan for members of affiliated Social Security Employers <br />Taxability <br />Of <br />Benefits <br />On -Duty <br />Disability and <br />Survivor Benefit <br />Off -Duty <br />Disability and <br />Survivor Benefit <br />Statewide Defined <br />Benefit Plan - Separate <br />Retirement Account <br />(SRA) <br />Statewide Death & Disability plan benefits provide 24-hour coverage, both on and off duty. <br />On -duty disability and survivor benefits are free from state and federal income taxes in the <br />event that a member's disability or death is determined by FPPA to be the result of an on -duty <br />injury or an occupational disease. <br />Off-duty disability and survivor benefits are subject to state and federal income taxes. <br />Distributions from the SRA are free from federal and state taxes when the disability or <br />member's death is the result of an on -duty injury or occupational disease. <br />FPPA <br />Fire and Police Pension Association of Colorado <br />5290 DTC Parkway, Suite 100 • Greenwood Village, Colorado 80111-2721 <br />(303) 770-3772 • toll free (800) 332-3772 • fax (303) 771-7622 • www.FPPAco.org <br />This plain language document is intended for informational purposes only. <br />Official interpretations or determinations are based upon the statutes <br />and rules and regulations which govern this plan. <br />3.16 <br />
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